Legrand Announces Plans to Acquire Pinnacle
Legrand, North America Announces Agreement to Acquire Pinnacle Architectural Lighting
WEST HARTFORD, Conn. (April 14, 2016) – Legrand, North America has signed a definitive agreement to acquire* Pinnacle Architectural Lighting, a manufacturer of lighting fixtures and architectural systems for commercial, educational, and healthcare applications.
Legrand has strong market positions in lighting control and lighting in segments related to the electrical infrastructure of the building in many countries worldwide. The addition of Pinnacle’s products and expertise will greatly expand Legrand, North America’s lighting and building control capabilities, establishing it as a major provider of architectural lighting. This market continues to grow as digital technology transforms product offerings, while lighting designers and specifiers drive demand for more innovative and contemporary lighting solutions.
Pinnacle’s best-in-class solutions combined with Legrand, North America’s technologies and capabilities in controls, networking, design, and user experience will foster more differentiated lighting products that are architecturally designed and meet stringent code requirements.
“Pinnacle was built on a foundation of providing creative lighting products and excellent service for the architectural lighting community,” said Michael Moore, President of Pinnacle Architectural Lighting, Inc. “With the acquisition by Legrand, we can accelerate growth by leveraging their global reach, infrastructure, and technology to bring new architectural lighting solutions to our customers.”
Collaboration between Pinnacle and Legrand, North America’s multiple businesses will lead to more innovative, technologically-advanced lighting solutions that are attractive to the design and specification community.
“Advancements in digital lighting technology is changing how we light and control spaces. With the acquisition of Pinnacle, Legrand expands its ability to bring innovative, attractive, and solution-oriented products that meet customer’s evolving needs,” said John Selldorff, CEO, Legrand, North & Central America. “Pinnacle’s attention to design and service, customer focus, and technology innovation align perfectly with Legrand’s strategic market approach.”
Legrand and Pinnacle expect to complete the transaction within the next two months, upon fulfilment of closing conditions, including receipt of regulatory approvals. Visit legrand.us for more information.
*Subject to standard conditions precedent
About Legrand, North America
Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for use in commercial, industrial and residential markets makes it a benchmark for customers worldwide. Innovation for a steady flow of new products with high added value is a prime vector for growth, including in particular connectable products enhancing value in use. Legrand reported sales of $5.3 billion in 2015. Legrand has a strong presence in North America, with a portfolio of well-known product lines that include C2G, Cablofil, Electrorack, Middle Atlantic, Nuvo, On-Q, Ortronics, Pass & Seymour, QMotion, Quiktron, Raritan, Vantage, Watt Stopper, and Wiremold. Legrand is listed on Euronext Paris and is a component stock of indexes including the CAC40, FTSE4Good, MSCI World, ASPI, Corporate Oekom Rating and DJSI (ISIN code FR0010307819). www.legrand.com.
Pinnacle Architectural Lighting is a leading edge lighting manufacturer in Denver, Colorado, that has a wide range of commercial specification grade lighting products. From architectural recessed to narrow aperture fixtures, Pinnacle has something for every space. Pinnacle strives to be the industry leader in design, product innovation, quality, service, and quick lead-times and on-time delivery. Pinnacle offers LED options for all of their current products and is constantly looking to build confidence and exceed customer expectations by creating innovative products for the lighting industry.
Sr. Marketing Communications Manager, Legrand, North America
(860) 712-9745, email@example.com